The JBM Group — a known name in the auto components sector — is spreading its wings. It recently entered other sectors under managing director Nishant Arya’s leadership. He has totally overhauled the company for the better. Numbers indicate that the company is now doing better than ever before. The success of the company in sectors other than auto components can be solely attributed to Arya, who is not only a young entrepreneur but a highly capable leader as well — the reason BW Businessworld decided to bestow him with the ‘Young Business Excellence Leader of the year 2016’.
When asked about the challenges he faces in the company as a young entrepreneur, Arya says, “Every sector has certain nuances, but my focus is always on preparing for the long haul. The group always takes a very calculated and focused approach, while we strive to take along the right team and the right partners to run the business. Vertical integration and end-to-end solutions are our core competence. Being able to manage a multi-locational, multi-product and multi-customer portfolio is our big strength.”
JBM Group, under Arya, has recently entered into a joint venture with Polish group Solaris to manufacture first-of-its-kind 100 per cent electric buses in India. The buses — showcased in Auto Expo of 2016 — will be ready for launch by end of the year or early 2017. “We have signed a JV with the largest electric bus manufacturer of Europe. We look forward to create a scenario of a synergy between both the companies. We are planning to launch the buses right at the end of the ongoing financial year.”
Leaders might have a different mindset pertaining to their respective environments, but one thing is common in them, and that is the way they perceive and handle competition. That common factor of treating competition as healthy and focusing on it to learn and evolve, reflects Arya’s philosophy. “Competition is really healthy and helps in upping your game. You have be a step ahead of your competition at all times; anticipate what kind of challenges would come up and bring in the right technology-led solutions to challenge competition,” he says.
The company is on the path to success under Arya’s guidance. The group already has a long-term relationship with companies such as Maruti Suzuki, Ashok Leyland, Bajaj Auto, Fiat, Ford, General Motors Corporation, Honda, Hero, Renault, TATA, Toyota, Volvo-Eicher, Volkswagen and others. It also has alliances with more than 20 renowned global companies including Arcelor Mittal, Cornaglia, Dassault Systems, JFE Steel Corporation, Magnetto (CLN Group), Ogihara, Sumitomo and many more.
JBM GROUP
Steered by: Nishant Arya
What it does: Supplies auto components to car manufacturers all across the globe
The disruptive factor: Diversification and challenging status quo
No. of employees: 20,000+
brij@businessworld.in;
@BrijPahwa
